Fairbanks Capital Management Inc. Makes New Investment in iShares Bitcoin Trust ETF $IBIT

Fairbanks Capital Management Inc. purchased a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 63,493 shares of the company’s stock, valued at approximately $4,127,000. iShares Bitcoin Trust ETF accounts for about 2.1% of Fairbanks Capital Management Inc.’s investment portfolio, making the stock its 15th biggest holding.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Sachetta LLC grew its stake in iShares Bitcoin Trust ETF by 793.0% in the 3rd quarter. Sachetta LLC now owns 384 shares of the company’s stock valued at $25,000 after buying an additional 341 shares during the last quarter. Roble Belko & Company Inc grew its position in shares of iShares Bitcoin Trust ETF by 77.2% in the third quarter. Roble Belko & Company Inc now owns 459 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares during the last quarter. Semmax Financial Advisors Inc. grew its position in shares of iShares Bitcoin Trust ETF by 135.9% in the second quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock valued at $33,000 after purchasing an additional 284 shares during the last quarter. Highline Wealth Partners LLC increased its stake in shares of iShares Bitcoin Trust ETF by 150.0% in the third quarter. Highline Wealth Partners LLC now owns 500 shares of the company’s stock worth $32,000 after purchasing an additional 300 shares during the period. Finally, WFA of San Diego LLC acquired a new position in shares of iShares Bitcoin Trust ETF during the 2nd quarter worth about $34,000.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ:IBIT opened at $36.55 on Tuesday. The business has a 50 day moving average price of $47.06 and a 200 day moving average price of $56.00. iShares Bitcoin Trust ETF has a twelve month low of $35.30 and a twelve month high of $71.82.

iShares Bitcoin Trust ETF Company Profile

The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.